Top Glove brings value and health to new heights thestar.com.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestar.com.my Daily Mail and Mail on Sunday newspapers.
This is a private investment, separate from the Top Glove Group.
KUALA LUMPUR: Tan Sri Lim Wee Chai, founder and executive chairman of the world’s largest rubber glove producer Top Glove Corp., has emerged as a minority shareholder in Malaysian private education group Minda Global Bhd
. The shares of Minda Global soared. This is a private investment, separate from the Top Glove Group,” Lim said by email. I have always been passionate about education as it is instrumental in enabling people, organizations and nations to advance.”
Minda didn’t respond to requests for comment on the transaction. Its shares surged as much as 58% to 19 sen on Tuesday, the highest since March 2018. Trading volume of 679 million shares is more than 20 times the 20-day average for this time of day and the stock is the most-traded security by volume on the bourse.
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KUALA LUMPUR Malaysia’s “Sugar King” Robert Kuok remains the wealthiest man in Malaysia and even saw his estimated wealth increase to US$12.6 billion (RM51.9 billion) this year amidst the Covid-19 pandemic, according to Forbes’ annual World’s Billionaires List.
The 97-year-old Hong Kong-based businessman however saw a rankings slip and is now the world’s 171st richest man compared to his position of 141 in 2020, and estimated net worth at the time which was valued at US$9.6 billion (RM41.6 billion).
According to the
Forbes list, there are 16 billionaires in Malaysia, with Kuok listed under Hong Kong.
Next on the list is Hong Leong Group’s Tan Sri Quek Leng Chan, 79, which was valued at US$9.7 billion (RM40 billion) compared to US$9.2 billion (RM39.9 billion) last year.
Top Glove boss says group can still ship gloves produced outside Malaysia to the US theedgemarkets.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theedgemarkets.com Daily Mail and Mail on Sunday newspapers.